2020 Dependent Scholarship & Growth Grant Winners
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8 TIPS TO IMPROVE YOUR SMALL BUSINESS LUCK Mark Zuckerberg is a household name. He is widely recognized as one of the wealthiest CEOs in modern history. As the CEO of Facebook, most would consider Mark Zuckerberg a lucky business owner. However, his success was not without a little bit of luck. Mark Zuckerberg was sued by Tyler and Cameron Winklevoss when they claimed he stole their idea for the social media giant Facebook. This lawsuit was eventually settled, but the facts of the case showed that Mark Zuckerberg took risks when he started Facebook. He also utilized the resources available to him and made a little of his own luck. NASE SelfInformed 2 March 2021
The odds of having a business venture that would compare to Facebook’s success are small, but that does not diminish the lessons we can learn from Mark Zuckerberg’s success and luck. The experts at NASE can help you with your small business needs while creating your luck and maximizing your small business’ success. Here are some tips for improving your small business luck: 1. Be a Subject Matter Expert The first tip to increasing your small business’ luck is to be an expert in your field. Regardless of the type of small business you operate, being the expert in your field will set you apart from your competition. A subject matter expert gains knowledge about his or her career field or product. This is achieved by staying current regarding events that affect that business. This would include laws, political shifts, and technological advancements. This may require training, attending events, social networking, or continued education. Maintaining expert knowledge in your field of business will help you attract and retain customers. Customers and clients will come to you for advice, and if you provide knowledgeable guidance, your clients and customers will help grow your business through referrals and reviews. 2. Organize Organization is essential for every small business owner. Organization is a broad subject that would apply to multiple areas of running a business. The best way to stay organized in business includes keeping your business space separate from your home space, both the online and physical spaces. This should consist of keeping your business bank account separate from your personal accounts and keeping household bills separate from business bills. Bookkeeping and inventory should be done routinely to avoid losing or overlooking items. This type of organization reduces errors and helps promote successful financial and physical control of your small business. An organized business is aware of its financial position and space availability. This prevents overstocking and under-investing. An organized business is ready to review business opportunities as they become available, limiting the possibility of missing out on an opportunity. In this way, you are ready if a lucky investment opportunity presents itself. Overinvesting can be just as detrimental to revenue and underinvesting, and the best way to know your business’ investment needs is to maintain up-to-date records. NASE SelfInformed 3 March 2021
3. Build a Brand Make up for that by being a good employer. Being a good employer means being compassionate Building a brand is something that cannot be toward your employees and invested in their lives. understated. When customers or investors look to Try to be aware of your employees’ needs. This you or your company, a well-established brand is might mean being flexible about shifts when major the first step in a sales pitch. An unclear brand can life events conflict with work schedules. It might leave your company overlooked by both potential mean attending graduations or promoting student clients and potential investors. workers’ accomplishments. It may mean offering To create a brand, be clear and committed flexibility to a working parent. to the mission and the values you and your Employees want to feel valued by an employer, company represent. For example, if you are an and sometimes that intrinsic value means more environmentally friendly business focused on to them than just a paycheck. That is not to say selling and promoting recycled or other eco-friendly that you should not provide a fair wage, but if your products, ensure that your company sticks with small business does not allow you the opportunity that business model. If you suddenly start selling for competitive pay, try to find other ways to show products that are known as detrimental to the value and invest in your employees. environment, you risk deviating from your brand as an environmentally friendly company. This confuses 5. Invest in Your Community customers and investors, who may take their business and opportunity elsewhere. Stay true to Chances are your business will earn revenue from your vision, and luck will be more likely to find you. clients or customers in the community where you do business. In this way, your community is 4. Invest in Your Employees investing in your small business. You must show your customers and clients your appreciation for Small business owners often cannot compete this patronage. Invest in your local community in with the pay opportunities of larger corporations. ways that are meaningful and appropriate. Being a good boss does not necessarily mean you have to give high pay. As a small business owner, Investments in your community can be small, like a competitive salary may not be an option for you. allowing Girl Scout troops to set up cookie booths NASE SelfInformed 4 March 2021
in front of your place of business. Or perhaps Often a great idea dies at conception because there you have the financial ability to donate to a local is no execution available. If you have an idea for school or scholarship fund. These investments your business, do not be afraid to reach out to a in your community show your customers that business partner, an industry peer, or a partner and their business helps your company promote collaborate and innovate. the community. Investments in your community In a rapidly changing environment, the ability to benefit the community where you do business and innovate is a valuable skill. Be willing to discuss show your customers and clients that you care, opportunities when they arise and collaborate for encouraging them to continue to do business with your small business’ best possible solutions. you and refer their friends to you. 8. Make Your own Luck 6. Always be Willing to Learn Luck is often not a four-leaf clover, or a wish blown It is never too late to learn something new. It is onto the head of a dandelion. Luck is a willingness sometimes difficult to adapt to change, but laws to take the risk and have a strong network to help and technology change quickly. It is essential support and guide you in your small business to stay flexible to changes that may affect your endeavors. Do not be afraid to make a little luck of business, but it is also crucial to be open to learning your own. something new. This may include expanding your business further than its original design. If you are Mark Zuckerberg did not wait for someone else to not opposed to new opportunities and luck will not capitalize on the design for Facebook. He found overlook you. partners who were willing to take the risk and help him innovate the invention. Most businesses will When sudden changes affect your business’ not have the same type of luck as Mark Zuckerberg. livelihood, a flexible and adaptive business owner He had the right idea at the right time and the right will be in a greater position to pivot and find resources to execute his idea. A small business does innovative ways to adapt to changes. For instance, not have to be wealthy to be successful. the COVID-19 pandemic forced several businesses to shift how they do business due to lockdowns and Success can be measured by the stability of a virus exposures. company, its reputation, or even the happiness of a company’s owner and workers. This success 7. Be Open to Opportunity happens by making the right choices for your business. In this way, we make our own luck. When opportunity knocks, it may not be in the way that you anticipated. Remember to use the Contact Us resources available to you to make the right choices for yourself and your business. When opportunities To learn more about improving the luck of your arise, collaborate with business partners and be small business, contact the experts at NASE. Our open to feedback. Know your market and your own licensed professionals will be happy to answer any limitations, and do not be afraid to ask for help. questions you have. NASE SelfInformed 5 March 2021
N ew ! Member Benefits Visit NASE.org to learn more about the following benefits! EMERGENCY HELP FOR YOU AND YOUR FAMILY WHEN TRAVELING MORE THAN 100 MILES FROM HOME. Most of us travel without being prepared for a medical or other emergency, or knowing how to find and obtain treatment from qualified physicians and medical facilities. That’s what makes Assist America’s Global Emergency Services so important. Benefits are available to Association Members at no additional cost when traveling 100 or more miles from home. Assist America pays for all of the assistance services it arranges and provides. Please remember, any services not arranged by Assist America will not be paid or reimbursed. Spring Break 2021 with Assist America ACCESS TO FREE AND DISCOUNTED ATTORNEY SERVICES FOR YOU AND YOUR FAMILY. Legal Club of America® is a discount legal referral service with a nationwide network of plan attorneys who provide free and discounted legal care. Membership includes you, your spouse or domestic partner, dependent children and any dependents that may be living with you such as a parent or grandparent. Click Here to Access Benefit NASE SelfInformed 6 March 2021
Member Benefits Visit NASE.org to learn more about the following benefits! YEAR-END TAX FILING IS AROUND THE CORNER Do you know what tax deductions you should take advantage of? Start organizing your business finances to help you uncover those deductions. QuickBooks Self-Employed can help you track expenses effortlessly year-round and help simplify the entire tax-filing process. Don’t miss out-login today and keep more of what you earn. Click Here to Get Started From federal tax to state tax, from auto deductions to depreciation, from estimated taxes to penalties and interest, and everything in between, we are here to help with any question that you might have. Our CPAs and tax professionals have over 100 years of small business tax experience and we have answered literally hundreds of thousands of questions over the last 35 years. We hate to use the words “logic” and “IRS” in the same sentence, but if you have a question about taxes and the IRS, NASE is the logical place to find the answer. Click Here to Ask an Expert NASE SelfInformed 7 March 2021
2020 Dependent Scholarship & Growth Grant Winners Before we get any further into 2021, we wanted to take a moment and recognize and congratulate all of the winners from last year who were awarded an NASE Grant or Scholarship. Please join us in thanking all applicants and congratulating the winners. We wish you all the best! A proud Sponsor of the January, April, July and October Growth Grants. NASE SelfInformed 8 March 2021
2020 Dependent Scholarship Winners Aaron Cail 2020 Lisle, Illinois Aaron will use the scholarship to attend Eastern Kentucky University where he will pursue a Bachelor of Science degree in Fire, Arson & Explosion Investigation. Norelia Ordonez Castillo 2020 Garden City, Kansas Norelia will use the scholarship to attend The University of Kansas Medical School of Medicine. Abigail Matson 2020 Vancouver, Washington Abigail will use the scholarship at Washington State University where she is currently studying accounting and hopes to become a CPA. Ryan Hough 2020 Canandaigua, New York Ryan will use the scholarship at Nazareth College where he is pursuing a career in Physical Therapy. NASE SelfInformed 9 March 2021
2020 Growth Grant Winners Amanat Anand Robert Lecuyer January 2020 April 2020 SoaPen Inc. Lecuyer Aviation, LLC Brooklyn, New York Fort Worth, Texas www.soapen.com lecuyeraviationllc.com Amanat Anand, an NASE Member from Trenton, Brooklyn, Robert Lecuyer, an NASE Member from Fort Worth, Texas New York was awarded an NASE Growth Grant in January was awarded an NASE Growth Grant in April 2020. Lecuyer 2020. SoaPen is a portable soap that marks on hands to Aviation provides supply chain support to the government, promote thorough and regular hand washing with soap military and commercial entities for manufactured parts, among children. components, assemblies, and finished products. Anna Gieselman Catina Downey February 2020 May 2020 Bee Amour LLC Catina Downey CPA PLLC Austin, Texas Henrico, Virginia www.beeamour.com www.cdowneycpa.com Anna Gieselman, an NASE Member from Austin, Texas was Catina Downey, an NASE Member from Henrico, Virginia awarded an NASE Growth Grant in February 2020. Bee was awarded an NASE Growth Grant in May 2020. Catina Amour is a small artisan jewelry company with bee inspired Downey, CPA, PLLC is a multi-service accounting company pieces in over a dozen stores in several states and growing. who provide trainings, tax preparations, retirement planning, personal finances and business services. Janie Nafsinger March 2020 Heather Fischer Idaho Fudge Company June 2020 Nampa, Idaho Creative Fish Design idahofudgecompany.com Niles, Illinois www.linkedin.com/in/heather- Janie Nafsinger, an NASE Member from Nampa, Idaho was fischer-369a715 awarded an NASE Growth Grant in March 2020. Idaho Fudge Company offers Artisan Fudge that lives by our motto and Heather Fischer, an NASE Member from Niles, Illinois was pledge, “The Finer Side of Fudge.” awarded an NASE Growth Grant in June 2020. Creative Fish Design is a graphic design company that specializes in branding, web development, presentations, and online marketing. NASE SelfInformed 10 March 2021
2020 Growth Grant Winners Austen Lincoln Sarah Hinkley July 2020 October 2020 Steps 2 Grow, LLC Barn Owl Drone Service Portland, OR Colorado Springs, CO www.steps2grow.com www.barnowlds.com Austen Lincoln, an NASE Member from Portland, Oregon Sarah Hinkley, an NASE Member from Colorado Springs, was awarded an NASE Growth Grant in July 2020. Austen Colorado was awarded an NASE Growth Grant in October is an expert in typical and atypical movement and motor 2020. Sarah is the Co-Owner of Barn Owl Drone Services, a development, specializing in children from birth to 5 year drone service company utilizing technology for marketing olds. Steps 2 Grow provides in-home occupational therapy, videos and photography, inspections of large structures and one-on-one virtual consults and online courses. agricultural management. Philip Klayman November 2020 Three Tree Coffee Roasters Statesboro, GA threetreecoffee.com Evan Christensen Philip Klayman, an NASE Member from Statesboro, Georgia August 2020 was awarded an NASE Growth Grant in November 2020. Philip is the owner of Three Tree Coffee Roasters, a specialty Radiant Design, Ltd coffee shop that provides high quality coffee while striving to Arvada, CO empower their farmers, end human trafficking and engage www.radiantdesignltd.com their community. Evan Christensen, an NASE Member from Arvada, Colorado was awarded an NASE Growth Grant in August 2020. Radiant Valerie Traore Design, Ltd. designs and engineers technology systems that incorporate audio-video (AV), lighting, window coverings, and December 2020 smart home components into a seamless, tailored experience Fresh Coat Painters of Burlington - for high-end residences and businesses of all sizes. Camden West Berlin, NJ Susan Fife www.freshcoatpainters.com/ burlington-camden September 2020 Valerie Traore, an NASE Member from West Berlin, New K9 Splash Zone, LLC Jersey was award an NASE Growth Grant in December 2020. Brookville, OH Valerie Traore is the owner of Fresh Coat Painters, a fully www.k9splashzone.net licensed, bonded and insured residential and commercial painting company. Dr. Susan Fife, an NASE Member from Brookville, Ohio was awarded an NASE Growth Grant in September 2020. Dr. Susan Fife is a 1996 graduate of the University of Florida College of Veterinary Medicine. K9 Splash Zone is a 14 acre fully fenced facility where dog’s can enhance their jumping and swimming, receive water therapy or just enjoy all the fun associated with being a dog! NASE SelfInformed 11 March 2021
PPP Self-Employed Application Changes & NASE Supports SBA Event to Inform Self-Employed Business Owners On March 3, 2021, the Small Business Administration announced changes to the Paycheck Find a lender here. Protection Program (PPP) for self-employed Frequently Asked Questions: PPP- individuals. FAQs-3.12.21.pdf (sba.gov) The changes include: How to Calculate First Draw Loans: How to Self-employed business owners with no Calculate First Draw PPP Loan Amounts employees will be eligible for a loan equal to (sba.gov) their 2019 or 2020 gross income, divided by 12, How to Calculate Second Draw Loans: multiplied by 2.5. HowtoCalculateSecondDrawFAQs-3.12.21. Self-employed and sole proprietors can also pdf (sba.gov) refinance an EIDL Loan made between January On Saturday, March 6, 2021, NASE CEO & 31 and April 3, 2020. President Keith Hall joined the Small Business New timeframe to apply provides a dedicated Administration for a webinar on the recently 2-week window, starting Wednesday, February announced (see above) changes to the PPP 24, where only businesses with fewer than 20 program specific to self-employed individuals. employees will be able to apply for PPP loans. You can view the webinar and the informative Establishes a $1 billion set aside for these Q&A here. businesses without employees located in low- and medium-income areas Expands PPP eligibility to small business owners Katie Vlietstra is NASE’s Vice President for Government Relations with non-fraud felony convictions and Public Affairs; You can contact her at kvlietstra@nase.org. NASE SelfInformed 12 March 2021
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